NJR - New Jersey Resources Corp Stock Price, Fair Value and News

44.13USD-0.20 (-0.45%)Market Closed

Market Summary

USD44.13-0.20

Market Closed

-0.45%

NJR Stock Price

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NJR RSI Chart

NJR Valuation

Market Cap

4.4B

Price/Earnings (Trailing)

17.53

Price/Sales (Trailing)

2.53

EV/EBITDA

12.38

Price/Free Cashflow

9.19

NJR Price/Sales (Trailing)

NJR Profitability

EBT Margin

16.69%

Return on Equity

11.42%

Return on Assets

3.74%

Free Cashflow Yield

10.88%

NJR Fundamentals

NJR Revenue

Revenue (TTM)

1.7B

Rev. Growth (Yr)

2.16%

Rev. Growth (Qtr)

40.82%

NJR Earnings

Earnings (TTM)

248.8M

Earnings Growth (Yr)

9.58%

Earnings Growth (Qtr)

35.12%

Breaking Down NJR Revenue

Last 7 days

-1.4%

Last 30 days

5.6%

Last 90 days

8.5%

Trailing 12 Months

-12.3%

How does NJR drawdown profile look like?

NJR Financial Health

Current Ratio

0.7

Debt/Equity

1.25

Debt/Cashflow

0.17

NJR Investor Care

Dividend Yield

3.74%

Dividend/Share (TTM)

1.65

Shares Dilution (1Y)

1.92%

Diluted EPS (TTM)

2.53

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2024	1.7B	0	0	0
2023	2.7B	2.4B	2.0B	1.7B
2022	2.5B	2.7B	2.9B	3.0B
2021	2.0B	2.0B	2.2B	2.4B
2020	2.2B	2.0B	2.0B	1.8B
2019	2.9B	2.8B	2.6B	2.4B
2018	2.7B	2.8B	2.9B	3.0B
2017	2.1B	2.2B	2.3B	2.4B
2016	1.9B	1.8B	1.9B	2.0B
2015	3.1B	2.9B	2.7B	2.4B
2014	4.0B	3.9B	3.7B	3.7B
2013	2.7B	3.0B	3.2B	3.3B
2012	2.6B	2.4B	2.2B	2.3B
2011	2.8B	3.0B	3.0B	2.9B
2010	2.6B	2.6B	2.6B	2.7B
2009	0	3.2B	2.6B	2.6B
2008	0	0	3.8B	0

Get all data in R, Python etc through our Historical Stock Data APIs

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Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

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Russell 2000 Index

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Tracking the Latest Insider Buys and Sells of New Jersey Resources Corp

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 12, 2024	migliaccio patrick j.	sold	-128,130	42.71	-3,000	senior vp and coo, njng
Jan 24, 2024	taylor sharon c	acquired	108,936	41.69	2,613	-
Jan 24, 2024	hardwick m susan	acquired	108,936	41.69	2,613	-
Jan 24, 2024	degraffenreidt james h jr	acquired	108,936	41.69	2,613	-
Jan 24, 2024	o'sullivan michael a	acquired	108,936	41.69	2,613	-
Jan 24, 2024	harvey peter c	acquired	22,262	41.69	534	-
Jan 24, 2024	kenny jane m	acquired	108,936	41.69	2,613	-
Jan 04, 2024	shea jacqueline k	sold (taxes)	-26,829	45.32	-592	svp, chief information officer
Jan 04, 2024	taylor sharon c	acquired	137,727	45.32	3,039	-
Jan 04, 2024	kenny jane m	acquired	132,878	45.32	2,932	-

Which funds bought or sold NJR recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
May 10, 2024	PNC Financial Services Group, Inc.	reduced	-4.13	-125,873	1,504,300	-%
May 10, 2024	VANGUARD GROUP INC	reduced	-1.37	-26,865,500	503,516,000	0.01%
May 10, 2024	CIBC Private Wealth Group, LLC	new	-	26,705	26,705	-%
May 10, 2024	Mitsubishi UFJ Trust & Banking Corp	reduced	-4.11	-26,804	302,673	-%
May 10, 2024	Jacobi Capital Management LLC	added	2.08	-21,540	1,210,790	0.11%
May 10, 2024	CREDIT SUISSE AG/	added	3.05	-49,409	6,072,500	0.01%
May 10, 2024	BlackRock Inc.	reduced	-2.72	-48,833,100	718,509,000	0.02%
May 10, 2024	LPL Financial LLC	reduced	-28.12	-1,616,170	3,629,240	-%
May 10, 2024	ONTARIO TEACHERS PENSION PLAN BOARD	reduced	-89.45	-3,194,130	361,173	-%
May 10, 2024	Campbell & CO Investment Adviser LLC	new	-	226,994	226,994	0.02%

Are Funds Buying or Selling NJR?

Are funds buying NJR calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own NJR

No. of Funds

Unveiling New Jersey Resources Corp's Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 13, 2024	vanguard group inc	12.17%	11,897,288	SC 13G/A
Jan 24, 2024	state street corp	5.42%	5,302,808	SC 13G/A
Jan 19, 2024	blackrock inc.	17.6%	17,212,703	SC 13G/A
Nov 13, 2023	state street corp	5.30%	5,170,801	SC 13G/A
Feb 09, 2023	state street corp	9.36%	9,026,514	SC 13G/A
Feb 09, 2023	vanguard group inc	11.54%	11,131,786	SC 13G/A
Jan 23, 2023	blackrock inc.	16.1%	15,554,501	SC 13G/A
Feb 11, 2022	state street corp	9.26%	8,887,445	SC 13G/A
Feb 09, 2022	vanguard group inc	11.09%	10,645,927	SC 13G/A
Jan 27, 2022	blackrock inc.	14.1%	13,538,078	SC 13G/A

Recent SEC filings of New Jersey Resources Corp

View All Filings

Date Filed	Form Type	Document
May 07, 2024	8-K	Current Report
May 07, 2024	10-Q	Quarterly Report
Mar 13, 2024	4	Insider Trading
Feb 13, 2024	SC 13G/A	Major Ownership Report
Feb 06, 2024	8-K	Current Report
Feb 06, 2024	10-Q	Quarterly Report

Peers (Alternatives to New Jersey Resources Corp)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
CPK	2.5T	698.2M	8.39%	-12.53%	25.4K	3.5K	3.29%	8.78%
AEP	48.2B	19.3B	11.47%	-0.15%	17.12	2.5	-2.13%	41.75%
AWK	26.1B	4.3B	14.82%	-10.63%	27.19	6.05	10.78%	15.26%
AEE	19.9B	7.3B	3.82%	-15.07%	17.22	2.74	-10.88%	5.77%
ATO	17.6B	4.1B	2.07%	-2.35%	17.56	4.33	-11.13%	20.48%
NRG	17.2B	28.5B	11.51%	151.42%	10.45	0.6	-9.05%	188.86%
AGR	14.4B	8.3B	4.34%	-9.07%	16.18	1.75	0.05%	30.98%
AES	14.2B	12.5B	18.52%	-8.98%	-2.2K	1.13	-3.77%	98.49%
MID-CAP
PNW	8.7B	4.7B	6.58%	-4.73%	16.22	1.86	4.84%	12.15%
ALE	3.7B	1.7B	8.90%	2.57%	15.29	2.13	-1.93%	32.23%
AVA	3.0B	1.9B	12.53%	-13.08%	15.93	1.59	9.47%	35.66%
SMALL-CAP
CWCO	448.0M	180.2M	14.96%	60.81%	15.07	2.49	91.50%	388.02%
CDZI	167.7M	2.0M	7.76%	-40.48%	-5.33	83.41	33.96%	-26.84%
VIA	35.4M	415.8M	0.46%	-13.52%	1.49	0.09	-11.16%	525.10%
CREG	8.0M	-	-23.48%	-36.08%	-10.77	12.3	-88.45%	83.25%

New Jersey Resources Corp News

Latest updates

New Jersey Resources Corp Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Income Statement (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Revenue	40.8%	658	467	331	264	644	724	765	552	912	676	533	368	802	454	400	299	640	615	479	435	866
Costs and Expenses	47.2%	488	331	267	259	479	551	685	523	773	519	529	395	601	343	357	316	541	510	476	439	789
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	487	439	789
EBITDA Margin	2.4%	0.33*	0.32*	0.30*	0.25*	0.23*	0.20*	0.19*	0.18*	0.17*	0.20*	0.20*	0.23*	-	-	-	-	-	-	-	-	-
Interest Expenses	0.5%	32.00	31.00	33.00	30.00	30.00	29.00	26.00	21.00	19.00	19.00	20.00	19.00	20.00	20.00	17.00	15.00	19.00	16.00	9.00	12.00	13.00
Income Taxes	48.0%	34.00	23.00	6.00	-20.50	31.00	33.00	12.00	4.00	29.00	31.00	-4.43	-18.78	39.00	17.00	11.00	-6.77	16.00	16.00	30.00	-1.94	-2.95
Earnings Before Taxes	39.2%	154	111	42.00	-19.67	140	148	65.00	13.00	124	142	-6.10	-41.38	186	96.00	39.00	-29.28	87.00	89.00	-0.79	-13.84	67.00
EBT Margin	4.4%	0.17*	0.16*	0.16*	0.14*	0.14*	0.12*	0.12*	0.10*	0.09*	0.12*	0.11*	0.14*	-	-	-	-	-	-	-	-	-
Net Income	35.1%	121	89.00	37.00	2.00	110	116	55.00	13.00	96.00	111	-1.13	-111	150	81.00	33.00	-19.30	74.00	76.00	-12.03	-13.08	74.00
Net Income Margin	3.6%	0.14*	0.14*	0.13*	0.12*	0.11*	0.09*	0.09*	0.08*	0.04*	0.06*	0.05*	0.07*	-	-	-	-	-	-	-	-	-
Free Cashflow	529.5%	292	46.00	-1.58	-47.90	339	-181	-5.07	-187	275	-130	-43.52	-107	-	-	-	-	-	-	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Assets	-1.5%	6,647	6,749	6,537	6,313	6,296	6,610	6,261	6,162	5,870	5,981	5,722	5,409	5,425	5,397	5,316	5,282	5,155	5,095	4,158	4,123	4,090
Current Assets	-18.2%	554	677	532	520	616	1,012	756	740	556	760	634	518	535	609	622	521	501	693	512	510	605
Cash Equivalents	109.8%	6.00	3.00	1.00	1.00	27.00	2.00	1.00	28.00	14.00	1.00	5.00	5.00	58.00	22.00	119	43.00	26.00	4.00	4.00	26.00	83.00
Net PPE	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,041	2,901	2,789
Current Liabilities	-18.0%	789	962	807	669	711	1,066	1,104	969	882	1,098	1,051	614	416	519	534	902	824	806	446	582	584
Short Term Borrowings	-27.0%	196	269	252	145	188	464	424	370	302	488	377	176	9.00	134	125	553	467	391	25.00	99.00	46.00
Long Term Debt	-0.5%	2,726	2,739	2,768	2,729	2,642	2,691	2,485	2,525	2,319	2,274	2,162	2,222	2,265	2,265	2,259	1,665	1,577	1,538	1,537	1,212	1,180
Shareholder's Equity	5.5%	2,179	2,066	1,991	1,995	2,001	1,923	1,817	1,769	1,784	1,717	1,631	1,682	1,822	1,698	1,644	1,612	1,655	1,608	1,382	1,572	1,569
Retained Earnings	6.5%	1,306	1,226	1,178	1,182	1,218	1,146	1,068	1,051	1,072	1,011	935	971	1,114	997	948	1,137	1,194	1,135	906	1,086	1,121
Additional Paid-In Capital	3.7%	604	583	559	555	530	528	520	519	518	513	503	499	497	493	492	492	494	494	291	290	283
Shares Outstanding	0.6%	99.00	98.00	98.00	97.00	97.00	96.00	96.00	96.00	96.00	96.00	96.00	96.00	-	-	-	-	-	-	-	-	-
Float	-	-	-	-	-	5,138	-	-	-	4,389	-	-	-	3,825	-	-	-	3,249	-	-	-	4,364

Cashflow (Last 12 Months)

(In Millions)

Cashflow (Quarterly)																					(In Millions)
Description	(%) Q/Q	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2020Q2	2020Q1	2019Q4	2019Q3	2019Q2	2019Q1
Cashflow From Operations	529.5%	292	46.00	91.00	45.00	432	-88.95	88.00	-94.57	368	-37.41	49.00	-14.49	325	32.00	31.00	4.00	222	-43.06	28.00	-6.00	277
Cashflow From Investing	-6.5%	-121	-113	-160	-116	-116	-145	-155	-138	-132	-164	-192	-184	-136	-108	-103	-139	-256	-494	-182	-147	136
Cashflow From Financing	-343.4%	-168	69.00	70.00	45.00	-291	236	42.00	245	-222	198	143	146	-153	-17.60	147	153	45.00	551	131	97.00	-337
Dividend Payments	0.5%	41.00	41.00	38.00	38.00	41.00	35.00	32.00	32.00	32.00	32.00	27.00	29.00	29.00	32.00	31.00	30.00	30.00	27.00	26.00	26.00	26.00

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NJR Income Statement

2024-03-31

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
OPERATING REVENUES
Utility	$ 462,863	$ 400,500	$ 755,956	$ 757,909
Nonutility	195,050	243,527	369,167	609,685
Total operating revenues	657,913	644,027	1,125,123	1,367,594
Natural gas purchases:
Related parties	1,799	1,770	3,678	3,597
Operation and maintenance	107,223	99,095	201,662	178,596
Regulatory rider expenses	29,229	23,154	48,418	41,405
Depreciation and amortization	40,075	38,090	80,362	74,773
Total operating expenses	487,691	478,843	819,082	1,029,621
OPERATING INCOME	170,222	165,184	306,041	337,973
Other income, net	15,420	4,779	21,761	9,434
Interest expense, net of capitalized interest	31,621	30,261	63,094	59,752
INCOME BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF AFFILIATES	154,021	139,702	264,708	287,655
Income tax provision	33,947	30,586	56,883	63,564
Equity in earnings of affiliates	738	1,131	2,398	2,077
NET INCOME	$ 120,812	$ 110,247	$ 210,223	$ 226,168
EARNINGS PER COMMON SHARE
Basic (usd per share)	$ 1.23	$ 1.14	$ 2.14	$ 2.34
Diluted (usd per share)	$ 1.22	$ 1.13	$ 2.13	$ 2.32
WEIGHTED AVERAGE SHARES OUTSTANDING
Basic (in shares)	98,377	96,893	98,123	96,689
Diluted (in shares)	99,102	97,556	98,839	97,346
Utility
Natural gas purchases:
Gas purchases - Utility and Nonutility	$ 204,347	$ 156,370	$ 320,467	$ 338,816
Nonutility
Natural gas purchases:
Gas purchases - Utility and Nonutility	$ 105,018	$ 160,364	$ 164,495	$ 392,434

NJR Balance Sheet

2024-03-31

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2024	Sep. 30, 2023
PROPERTY, PLANT AND EQUIPMENT
Utility plant, at cost	$ 4,012,235	$ 3,843,037
Construction work in progress	223,421	237,428
Nonutility plant and equipment, at cost	1,791,100	1,767,306
Construction work in progress	171,396	142,768
Total property, plant and equipment	6,198,152	5,990,539
Accumulated depreciation and amortization, utility plant	(753,750)	(714,087)
Accumulated depreciation and amortization, nonutility plant and equipment	(278,854)	(254,397)
Property, plant and equipment, net	5,165,548	5,022,055
CURRENT ASSETS
Cash and cash equivalents	5,036	954
Customer accounts receivable
Billed	185,069	97,540
Unbilled revenues	74,456	19,100
Allowance for doubtful accounts	(9,576)	(11,036)
Regulatory assets	93,887	73,587
Natural gas in storage, at average cost	80,996	199,501
Materials and supplies, at average cost	30,361	27,022
Prepaid expenses	16,091	9,741
Prepaid taxes	18,299	43,046
Derivatives, at fair value	14,056	30,755
Restricted broker margin accounts	19,310	20,796
Other current assets	25,726	21,071
Total current assets	553,711	532,077
NONCURRENT ASSETS
Investments in equity method investees	101,778	104,134
Regulatory assets	535,104	584,830
Operating lease assets	177,176	175,740
Derivatives, at fair value	910	1,564
Software costs	9,734	8,375
Deferred income taxes	22,848	28,383
Postemployment employee benefit assets	18,618	18,684
Other noncurrent assets	61,950	61,654
Total noncurrent assets	928,118	983,364
Total assets	6,647,377	6,537,496
CAPITALIZATION
Common stock, $2.50 par value; authorized 150,000,000 shares; outstanding shares March 31, 2024 — 98,744,915; September 30, 2023 — 97,584,455	246,367	243,458
Premium on common stock	604,009	558,654
Accumulated other comprehensive income (loss), net of tax	322	(9,959)
Treasury stock at cost and other; shares March 31, 2024 — 16,302; September 30, 2023 — 13,041	22,936	20,748
Retained earnings	1,305,591	1,177,834
Common stock equity	2,179,225	1,990,735
Long-term debt	2,726,221	2,768,017
Total capitalization	4,905,446	4,758,752
CURRENT LIABILITIES
Current maturities of long-term debt	148,375	116,155
Short-term debt	196,150	252,100
Natural gas purchases payable	64,455	51,277
Natural gas purchases payable to related parties	859	859
Deferred revenue	109,698	61,404
Accounts payable and other	127,159	151,790
Dividends payable	41,290	40,981
Accrued taxes	16,048	10,090
Regulatory liabilities	33,163	32,287
New Jersey Clean Energy Program	6,827	15,804
Derivatives, at fair value	10,725	16,145
Operating lease liabilities	4,780	4,772
Restricted broker margin accounts	4,689	8,029
Customers' credit balances and deposits	24,878	44,910
Total current liabilities	789,096	806,603
NONCURRENT LIABILITIES
Deferred income taxes	330,805	285,427
Deferred investment tax credits	2,295	2,434
Deferred revenue	612	659
Derivatives, at fair value	13,791	7,967
Manufactured gas plant remediation	157,813	169,390
Postemployment employee benefit liability	42,333	102,528
Regulatory liabilities	178,276	180,458
Operating lease liabilities	150,971	148,023
Asset retirement obligations	62,817	61,993
Other noncurrent liabilities	13,122	13,262
Total noncurrent liabilities	952,835	972,141
Commitments and contingent liabilities (Note 13)
Total capitalization and liabilities	6,647,377	6,537,496
Related Party
CURRENT LIABILITIES
Natural gas purchases payable to related parties	$ 859	$ 859

About New Jersey Resources Corp

New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company operates through four segments: Natural Gas Distribution, Clean Energy Ventures, Energy Services, and Storage and Transportation. The Natural Gas Distribution segment offers regulated natural gas utility services to approximately 569,300 residential and commercial customers throughout Burlington, Middlesex, Monmouth, Morris, Ocean, and Sussex counties in New Jersey; provides capacity and storage management services; and participates in the off-system sales and capacity release markets. The Clean Energy Ventures segment invests in, owns, and operates commercial and residential solar installation situated in New Jersey, Connecticut, Rhode Island, and New York. The Energy Services segment offers unregulated wholesale energy management services to other energy companies and natural gas producers, as well as maintains and transacts a portfolio of physical assets consisting of natural gas transportation and storage contracts in the United States and Canada. The Storage and Transportation segment invests in natural gas transportation and storage facilities. It provides heating, ventilation, and cooling services; holds commercial real estate properties; and offers solar equipment installation, and plumbing repair and installation services, as well as engages in the water appliance sale, installation, and servicing activities. The company was incorporated in 1981 and is headquartered in Wall, New Jersey.

CEO	Mr. Stephen D. Westhoven
WEBSITE	njresources.com
INDUSTRY	Utilities Regulated Electric
EMPLOYEES	1288

New Jersey Resources Corp Frequently Asked Questions

What is the ticker symbol for New Jersey Resources Corp? What does NJR stand for in stocks?

NJR is the stock ticker symbol of New Jersey Resources Corp. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of New Jersey Resources Corp (NJR)?

As of Mon May 13 2024, market cap of New Jersey Resources Corp is 4.36 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of NJR stock?

You can check NJR's fair value in chart for subscribers.

What is the fair value of NJR stock?

You can check NJR's fair value in chart for subscribers. The fair value of New Jersey Resources Corp is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of New Jersey Resources Corp is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for NJR so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is New Jersey Resources Corp a good stock to buy?

The fair value guage provides a quick view whether NJR is over valued or under valued. Whether New Jersey Resources Corp is cheap or expensive depends on the assumptions which impact New Jersey Resources Corp's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for NJR.

What is New Jersey Resources Corp's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon May 13 2024, NJR's PE ratio (Price to Earnings) is 17.53 and Price to Sales (PS) ratio is 2.53. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. NJR PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on New Jersey Resources Corp's stock?

In the past 10 years, New Jersey Resources Corp has provided 0.081 (multiply by 100 for percentage) rate of return.